For many accounting firms and small and midsized businesses, it’s no longer a question of “if” they want to move to the cloud, but “when”. Cloud accounting is the technology of the future, which is why it is so important that you should embrace now.
Accounting is a very traditional profession, which is why there is still a lot of hesitation among CPA firms when it comes to adapting to new technological changes such as cloud accounting. That is understandable.
However, cloud accounting is not just the technology of the future, we are already in the future. Your clients expect your firm to use the latest technologies. A number of accounting firms have already made the switch to the cloud. That is why it’s high time that your organization did so as well.
It’s time that you look to hosting services such as QuickBooks, Sage 50, Tax software hosting seriously.
Accounting technologies such as QuickBooks on the Cloud will continue to expand and get more innovative over the next few years. They are going to be transformative for your business. So, you should try to get a true sense of what they mean for you, and take positive steps to meet the challenge of the cloud.
Now, with hosted QuickBooks and other cloud accounting solutions, accounting professionals can save a lot of their time and go beyond just day-to-day numbers. Being on QuickBooks on the Cloud, or ProSeries Tax Software on the Cloud, creates a number of efficiencies that were earlier considered too futuristic, such as automation of data entry. This allows your firm to focus on its core responsibilities rather than waste time and money on anything redundant.
Cloud accounting allows your firm to focus on value added services, and charge your clients based on value rather than the number of hours you devote to their projects. You can dedicate more time to advisory services and become more valuable to your clients, and make a real difference to their work.
Cloud accounting gives you time to analyze your work better and more effectively, so that your small businesses can become cashflow positive. It allows you to make quick business decisions on a real-time basis, and get more work done in less time. It certainly adds to the productivity of your employees, and gives more bang for your buck.
Now, more than ever, accounting software incorporates advanced technologies such as Artificial Intelligence (AI), machine learning and big data analytics. What this does is to make the work done by accountants and bookkeepers all the more important, as their duties and responsibilities evolve over the next few years.
An accountant’s role will change drastically in the future, which is why it is important to plan for the effective use of cloud-based accounting solutions. You can start by switching to QuickBooks Hosting, which comes with over 1200 different features. Do contact us for a test drive on any of our cloud-based accounting services.